Save Article

Supermarket

By

Brian S. Wesbury

Updated Jan. 12, 2006 12:01 a.m. ET

The Dow Jones Industrial Average has traded above 11,000 for three days in a row, and stands just 680 points (or 6%) from its record high. There is nothing special about 11,000; but, there seems to be some electricity in the air, a feeling that more good news for investors is on the way.

This is a little surprising. It was just a few weeks ago, on Dec. 27, when the yield curve inverted and pessimism filled the air. Very often,...